Ipca Laboratories today said its net profit declined by 17.07% to Rs 77.96 crore for the second quarter ended September 30, 2011, over the same period previous fiscal.
The company had posted a net profit of Rs 94.01 crore for the same period last financial year, Ipca Laboratories said in a filing to the BSE.
However, net sales of the firm rose to Rs 618.02 crore for the second quarter, as against Rs 514.29 crore for the same period last fiscal.
The company's board, which met today, also approved an interim dividend of 50% (Re 1 per share) for the financial year 2011-12.
Shares of Ipca Laboratories were trading at Rs 248.40 on the BSE in afternoon trade, up 3.41% from previous close.
